2026 Semi-Annual Report

Section I: Important Notes, Table of Contents, and Definitions

The Board of Directors, the Board of Supervisors, and the senior management of the Company guarantee the authenticity, accuracy, and completeness of the contents of this semi-annual report, confirm that there are no false records, misleading statements, or major omissions, and assume individual and joint legal liability.

Company head Cai Fangwei, the person in charge of accounting affairs Shan Zhijian, and the head of the accounting department (accounting supervisor) Han Aiqin declare: We guarantee the authenticity, accuracy, and completeness of the financial report in this semi-annual report.

All directors have attended the board meeting to review this semi-annual report.

1. "Shanghai Securities News", "Securities Times", "Securities Daily", and Cninfo (www.cninfo.com.cn) are the Company's designated media for information disclosure. All information of the Company shall be subject to the information published in the aforementioned designated media. Investors are advised to pay attention to investment risks.

2. In Section III "Management Discussion and Analysis" - "X. Risks and Countermeasures Faced by the Company" of this report, the potential risks and countermeasures are described in detail. Investors are advised to take note. Forward-looking statements in this semi-annual report, such as future plans, do not constitute substantive commitments by the Company to investors. Investors and relevant parties should maintain sufficient risk awareness and understand the differences between plans, forecasts, and commitments.

The profit distribution plan approved by the Board of Directors is as follows: Based on 520,819,240 shares, a cash dividend of 1.00 yuan (tax included) will be distributed for every 10 shares to all shareholders. No bonus shares will be issued, and no capital reserve will be converted into share capital.

Table of Contents

Section I: Important Notes, Table of Contents, and Definitions 2

Section II: Company Profile and Key Financial Indicators 6

Section III: Management Discussion and Analysis 9

Section IV: Corporate Governance, Environment, and Society 16

Section V: Important Matters 18

Section VI: Changes in Shares and Shareholder Situation 26

Section VII: Information Related to Bonds 30

Section VIII: Financial Report 31

List of Documents for Inspection

(1) Financial statements signed and sealed by the Company's head, the person in charge of accounting affairs, and the head of the accounting department (accounting supervisor);

(2) Originals of all company documents and announcements publicly disclosed during the reporting period.

Definitions

Section II Company Profile and Key Financial Indicators

I. Company Profile